Originally Posted by Erika Gordon
Straight to the heart of the problem.
My personal view is that investing in your own business should produce a great return, but it doesn't hurt to plough some money into other stuff too. So the question is where?
My tip would be that the admin cost of a good stock broker is way lower than the life assurance/unit trust sectors - and it's the admin costs that are destroying the profits, especially if you compound the effect over many years.
Find a stock broker and build a reasonable working relationship. Be honest and frank. Say "here's x for now that I want to invest in listed shares to build up a retirement nest egg." Make sure he/she understands that looked after right, you're a client for the next 10, 20 (whatever) years and that you're not a speculator.
The shares are in your name, there's no "assets under management" admin fee and there is no chance of intermediaries running off with your money.
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